Funding arb · Price arb /

JTO

all JTO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.074%

Price spread now: MEXC against Coinbase International−0.290%7-day average −0.403% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.421%−$42 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.290%, 7d avg −0.403%

Together, before fees−0.396%−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.113% dearer against Coinbase International than usual: you sell high and buy low (spread −0.290% now, against its 7-day average of −0.403%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JTO-PERP-INTX	0.5172	0.0416	pay 0.0052% / 1h	25m 17s	$59K	$137K	25x
Short	MEXC JTO_USDT	0.5157	0.0100	get 0.0050% / 4h	25m 17s	$6.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now −0.290%Rate

Funding earned: −$66.36
Price spread: −0.290% → −0.403%: $11.31
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$65.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 32 min ago; MEXC: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 32 min ago	18.64 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.97 bp	3.6 bp −$4	15.1 bp −$151	74.9 bp −$7,488	183.6 bp −$91.8K

JTO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate JTO_USDT	−0.0402%	8h	0.5158	−0.271%	$897K	$1.0M	75x	as long as short
Deribit JTO_USDC-PERPETUAL	−0.0331%	1h	0.5159	−0.251%	$13K	$10K	10x	as long as short
dYdX JTO-USD	0.0000%	1h	0.5159	−0.252%	$4K	$4K	5x	as long as short
Reya JTORUSDPERP	0.0000%	1h	0.5539	+7.105%	—	—	—	as long as short
Injective JTO/USDC PERP	+0.0033%	1h	0.4973	−3.848%	$31	$43K	5.5x	as long as short
Paradex JTO-USD-PERP	+0.0077%	8h	0.5151	−0.408%	$514	—	5x	as long as short
OKX JTO-USDT-SWAP	+0.0079%	4h	0.5156	−0.309%	$3.9M	$9.4M	50x	as long as short
Orderly PERP_JTO_USDC_mythos	+0.0094%	4h	0.5158	−0.271%	$4K	$652	10x	as long as short
Lighter JTO	+0.0096%	1h	0.5161	−0.215%	$118K	$226K	10x	as long as short
Hyperliquid JTO	+0.0100%	1h	0.5166	−0.124%	$7.0M	$3.1M	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JTOUSDT	+0.0100%	4h	0.5157	−0.284%	$126K	$219K	10x	as long as short
Binance JTOUSDT	+0.0100%	4h	0.5158	−0.271%	$11.3M	$27.5M	75x	as long as short
Bybit JTOUSDT	+0.0100%	4h	0.5159	−0.251%	$7.2M	$14.0M	50x	as long as short
Bulk JTO-USD	+0.0100%	1h	0.5126	−0.888%	$56K	$17K	10x	as long as short
MEXC JTO_USDTshort	+0.0100%	4h	0.5157	−0.290%	$6.3M	$3.5M	50x
KuCoin JTOUSDTM	+0.0100%	4h	0.5160	−0.230%	$1.5M	$600K	20x	as long as short
Bitget JTOUSDT	+0.0100%	4h	0.5158	−0.271%	$2.4M	$2.3M	50x	as long as short
BingX JTO-USDT	+0.0100%	4h	0.5158	−0.271%	—	$68.0M	—	as long as short
Variational Omni JTO	+0.0100%	4h	0.5154	−0.357%	$223K	$267K	—	as long as short
Extended JTO-USD	+0.0104%	1h	0.5157	−0.297%	$518K	$1.7M	10x	as long as short
Backpack JTO_USDC_PERP	+0.0108%	1h	0.5165	−0.131%	$269K	$316K	10x	as long as short
GMX JTO/USD [WBTC.b-USDC]	L +0.0224% / S −0.2181%	1h	0.5161	−0.210%	$2K	—	50x	as long as short
BloFin JTO-USDT	+0.0340%	4h	0.5150	−0.425%	$619K	$506K	75x	as long as short
Coinbase International JTO-PERP-INTXlong	+0.0416%	1h	0.5172	long leg	$59K	$137K	25x
Phoenix JTO	+0.0469%	1h	0.5161	−0.213%	$381K	$110K	5x	as long as short
Kraken Futures PF_JTOUSD	+0.0728%	1h	0.5163	−0.182%	$337K	$313K	25x	as long as short